Watches as investments – Luxury watches significantly increasing in value

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Over the last few years we have seen significant increases in the values of luxury watches; from the likes of Rolex, Patek Philippe, Audemars Piguet, Cartier and more. The reasons for this include rarity, with certain models being discontinued, increases in the value of precious metals and stones, manufacturers increasing prices and other market factors. 

As a result of the increases, and with watches incurring no Capital Gains Tax, luxury watches are becoming an ever more popular choice as an investment option.

 Here are some real examples of watches* which have seen significant increases in value:

  • Rolex Steel Oyster Perpetual, ref 116000 in 2000 was valued at £1,970 – today the value is around £4,100 – A 108% increase 
  • Rolex Steel Oyster Perpetual Submariner, ref 14060 in 2000 was valued at £1,450 – today the value is around £5,750 – A 296% increase 
  • Rolex 18ct Yellow Gold Oyster Cosmograph Daytona, ref 116528 in 2000 was valued at £10,500 – today the value is around £27,650 – A 163% increase 
  • Patek Philippe Nautilus Annual Calendar, ref 5726/1A in 2017 was valued at around £40,000 – the model has since been discontinued and today is worth between £80,000 and £100,000

It is very important to ensure that you have up to date valuations for your watches and ensure they are insured for the correct replacement value on your home insurance policy. 

We can arrange bespoke home insurance policies covering your watches (along with the rest of your contents and valuables) on a worldwide basis, at the most competitive prices in the market. We can also recommend a service where your watches and other jewellery items can be revalued for as little as £45.00.

Contact us today to see how we can assist.

To read more articles from Matt Rawsthorne, Private Clients Account Development Executive, please visit:

http://www.reichinsurance.co.uk/media-centre/author/matt-rawsthorne/

 

*Source: Doerr Valuations, 2019.

 

Tags: privateclients | watches | luxurywatches | jewellery | HNW | highnetworth | investment